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The global OTC derivatives market

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Nominal and market values of contracts outstanding with leading banks *

Up to end-1998 DM billion; from 1999 € billion Nominal values

Derivative contracts, total 1

Foreign exchange contracts 2 Interest-rate contracts 3 Credit derivatives 4

Total

with reporting banks 6

with other banks and financial institu- tions 7

with non- financial corpor-

ations Total

with reporting banks 6

with other banks and financial institu- tions 7

with non- financial corpor-

ations Total

with reporting banks 6

1 2 3 4 5 6 7 8 9 10 11

Market values

Index-related and stock-related contracts 5

Commodity contracts 5

Derivative contracts, total 1

Foreign exchange contracts 2

Interest-rate contracts 3

Credit derivatives 4

Index-related and stock-related contracts 5

Commodity contracts 5 with other

banks and financial institu- tions 7

with non- financial corpor- ations

12 13 14 15 16 17 18 19 20 21

Stand am Ende des Halbjahres = End of half-year

Von weltweit 60 Berichtsbanken gemeldete Kontrakte = Contracts reported by 60 reporting banks world-wide darunter: von deutschen Banken gemeldete Kontrakte = of which: contracts reported by German banks

* These data stem from the semi-annual OTC derivatives statistics of the Bank for International Settlement (BIS). Approximately 60 leading banks domiciled in the G-10 countries report these statistics (on a group basis, ie including branches and subsidiaries); these institutions account for a share of more than three-quarters of the global OTC derivatives market. Six German banks actively involved in the derivatives business participate in the survey. Data are collected on OTC contracts outstanding at end-June and end-December. 1 Excluding the

“other” contracts estimated by the BIS. From mid-2004 including credit derivatives. 2 Outright forwards and FX swaps, currency swaps and currency

options. 3 Forward rate agreements, interest rate swaps and interest rate options. 4 Only credit default swaps. The data will be recorded for the first time for the second half of 2004. 5 Forwards, swaps and options. 6 Transactions between reporting institutions which are reported by both counterparties involved are recorded only once in the statistics. Conversely, the results of the German reporting institutions shown in the lower part of the table contain certain double countings; covering transactions which the six German reporting banks concluded with each other. 7 Including insurance corporations.

Deutsche Bundesbank Balance of payments statistics June 2014

32

II External stock statistics

6 Assets and liabilities of enterprises in Germany vis-à-vis non-residents * (a) Total and breakdown by foreign currency and euro

(b) By group of countries

operations Claims arising from trade credits

Total

operations Liabilities arising from trade credits

Total

Stand am Ende des Berichtszeitraums = End of reporting period Forderungen insgesamt = Total claims

Fremdwährung = Foreign currency Euro = Euro

Verbindlichkeiten insgesamt = Total liabilities Subheadings (b)

Stand am Ende des Berichtszeitraums = End of reporting period Industrial countries 2

EU member states 2

of which: Euro-area member states 3

Emerging market economies and developing countries 4 Footnotes (a)

* Including the external assets and liabilities of resident individuals. Statistical increases and decreases are not eliminated; changes in stocks are therefore Footnotes (b)

* Including the external assets and liabilities of resident individuals. Statistical increases and decreases are not eliminated; changes in stocks are therefore not comparable with the figures shown in Table I.9 (e). 1 Including balances on clearing accounts 2 From January 2007 including Bulgaria and Romania.

not comparable with the figures shown in Table I.9 (e). 1 Including balances on clearing accounts.

3 From January 2007 including Slovenia; from January 2008 including Malta and Cyprus; from January 2009 including Slovakia; from January 2011 including Estonia. 4 All countries not included under industrial countries. Up to December 2010 including Netherlands Antilles. From January 2011 including Bonaire, Saint Eustatius, Saba and Curacao and Sint Maarten (Dutch part).

Deutsche Bundesbank Balance of payments statistics June 2014 33

II External stock statistics

6 Assets and liabilities of enterprises in Germany vis-à-vis non-residents * (c) By country

End of reporting period; € million

Country/

group of countries

Claims on non-residents

Claims, total

Claims arising from financial operations

Claims arising from trade credits

Total

Short-term claims 1 Long-term claims

Total

of which on foreign banks Total

of which on foreign banks Total

of which Arising from credit terms used

1 2 3 4 5 6 7 8 9 10 11

Liabilities to non-residents

Country/

group of countries Liabilities,

total

Liabilities arising from financial operations

Total

Short-term liabilities 1 Long-term liabilities

Liabilities arising from trade credits

Total

of which to foreign banks Total

of which to foreign banks Total

of which Arising from credit terms used

12 13 14 15 16 17 18 19 20 21 22

All countries Hungary Countries in America 4 Iran

Countries in Europe United Kingdom Canada Israel

EU member states Other European countries United States Japan

Euro-area member states 2 Guernsey Argentina Jordan

Belgium Jersey Bahamas Kazakhstan

Estonia Croatia Bermuda Qatar

Finland Liechtenstein Brazil Korea, Republic of

France Norway British Virgin Islands Kuwait

Greece Russian Federation Chile Lebanon

Ireland Switzerland Ecuador Malaysia

Italy Turkey Cayman Islands Pakistan

Luxembourg Ukraine Columbia Philippines

Malta Remaining European Mexico Saudi Arabia

Netherlands countries Panama Singapore

Austria Countries in Africa Peru Syria

Portugal Algeria Trinidad and Tobago Thailand

Slovakia Egypt Venezuela United Arab Emirates

Slovenia Côte d’Ivoire Remaining countries Vietnam

Spain Ghana in America 5 Other countries in Asia

Cyprus Kenya Countries in Asia Countries in Oceania

Other EU member states 3 Liberia Bahrain Australia

Bulgaria Libya China, People’s New Zealand

Denmark Morocco Republic of 6 Remaining countries

Latvia Nigeria China, Taiwan in Oceania

Lithuania South Africa Hong Kong Memo item

Poland Tunisia India Countries of the offshore

Romania Remaining countries Indonesia banking centres 4

Sweden in Africa Iraq

Czech Republic

* Including the external assets and liabilities of resident individuals. Statistical increases and decreases are not eliminated. 1 Including balances on settlement accounts. 2 From January 2008 including Malta and Cyprus; from January 2009 including Slovakia; from January 2011 including Estonia. 3 Up to December 2008 including Slovenia; up to December 2010 including Estonia. 4 Up to

December 2010 including Netherlands Antilles; from January 2011 including Bonaire, Saint Eustatius, Saba and Curacao and Sint Maarten (Dutch part).

5 From January 2011 including Bonaire, Saint Eustatius, Saba and Curacao and Sint Maarten (Dutch part). 6 Excluding Hong Kong.

Deutsche Bundesbank Balance of payments statistics June 2014

34

II External stock statistics

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